Onyx Equities Signs E-Commerce Tenant To 200,000 SF Deal in Rockland County

Real Estate In-Depth | August 2020

400 Oritani Drive, Blauvelt

BLAUVELT—Commercial brokerage firm CBRE announced on Aug. 4 that it has secured a 200,775-square-foot lease across two buildings in the Hudson Crossing Industrial Park in Blauvelt.

The unnamed e-commerce tenant will occupy 123,999 square feet of space at 400 Oritani Drive and 76,776 square feet of space in the neighboring building at 200 Oritani Drive. The Rockland County Business Journal reports that the tenant was Amazon.

The CBRE team of Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazrides, Lauren Hageman, Gerard Monahan and Brian Fiumara represented Onyx Equities, a leading real estate investment and property services firm specializing in acquiring and/or managing commercial properties, which is headquartered in Woodbridge, NJ.

“This industrial park features a diverse tenant base attracted to the available mix of warehouse/distribution, office, flex and retail/showroom space,” said Schiffenhaus of CBRE. “The tenant was seeking large blocks of space that offered a convenient distribution point to tri-state area markets and Rockland County is an attractive alternative for Meadowlands submarket tenants.”

Hudson Crossing Industrial Park was acquired by Onyx Equities in 2019. The 1.2 million square-foot mixed-use industrial park offers easy access to Parkway and Route 303.

“The ongoing demand for well-located industrial, warehouse and flex space with quick access to New York, New Jersey and Connecticut makes this location ideal for large distribution needs,” added D’Amato of CBRE. “This demand has accelerated as more people turn to the internet for even the most basic needs due to the ongoing limitations COVID-19 has placed on brick-and-mortar retailers.”

“Since acquiring the property last year, Onyx Equities has been delighted with the number of quality tenants with pent-up demand for space along the lower New York State Thruway corridor,” said Matthew P. Flath, vice president of asset management at Onyx Equities. “A variety of firms seeking warehouse, showroom and last-mile delivery locations have shown considerable interest in the limited number of large blocks available at Hudson Crossing, and the New York State and Rockland County IDA incentives that they may be eligible for.”